West Texas-focused Parsley Energy Inc. continued its Permian Basin spending spree on Monday, agreeing to pay $400 million for a bolt-on leasehold in the Midland sub-basin.
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Permian Basin pure-play Concho Resources Inc. agreed Monday to pay $1.625 billion in cash and stock to Reliance Energy for 40,000 net acres in the Midland sub-basin.
Encouraged by “outstanding” STACK well results, Continental Resources on Thursday increased its 2016 production guidance by 5,000 boe/d to 210,000-220,00 boe/d and expects to exit the year with production at 195,000-205,000 boe/d.
In a liquidity-boosting move, Goodrich Petroleum Corp. is selling Eagle Ford Shale proved reserves and leasehold in LaSalle and Frio counties in Texas for $118 million while retaining some acreage for potential development or sale later. The move was not cheered by analysts or investors.
Questar Corp.’s exploration and production subsidiary on Monday agreed to pay $106.4 million to bolt-on more natural gas wells to an existing leasehold in Wyoming.
WPX Energy Inc. plans to deploy two more drilling rigs to the five now running in Western Colorado’s Piceance Basin, which should add an incremental 1.9 Bcfe in natural gas-weighted output through the rest of this year, the Tulsa operator said Wednesday.
Midland, TX-based Clayton Williams Energy Inc. (CWEI) has struck a deal with a financial investor to monetize 95% of its Wolfberry oil and gas reserves, leasehold interests and facilities in Andrews County, TX, for $214 million. Proceeds will be used to reduce debt.
EnerVest Ltd. hasn’t nailed down buyers for some of its Utica Shale portfolio in Ohio, but there is plenty of interest in the big leasehold. Now it’s a matter of getting the right prices and the right terms, CEO John Walker said Tuesday.